Deputy Chief Executive of the Hong Kong Monetary Authority: The application threshold for the first stablecoin issuer license is
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最新报道：According to the National Business Daily, Hong Kong Monetary Authority Deputy Chief Executive Chan Wai-min stated that the first stablecoin issuer license is expected to be issued in early 2026. The application threshold is "very high," and entry into the "sandbox testing" does not guarantee approval, nor does not necessarily mean ineligibility. The HKMA emphasized that licensing will be an ongoing process, and the completeness of application materials and the feasibility of the proposed plan will be key to approval. The HKMA also stated that it remains open to pegging currencies, but if pegging to the RMB is considered, a specific assessment will be made based on the currency's convertibility and application scenarios.
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